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~institution:"C.E.P.R. Discussion Papers"
~institution:"European Central Bank"
~institution:"Institut für Höhere Studien und Wissenschaftliche Forschung"
~person:"Williams, John C"
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STAGFLATION : ANSAETZE IN THEO...
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C.E.P.R. Discussion Papers
European Central Bank
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The Decline of Activist Stabilization Policy: Natural Rate Misperceptions, Learning and Expectations
Orphanides, Athanasios
;
Williams, John C
-
C.E.P.R. Discussion Papers
-
2005
, inflation expectations would have remained anchored and the
stagflation
of the 1970s would have been avoided. Indeed, we find …
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